Stockmen's National Bank (Poplar, MT)

View Charter #11027 on SPMC View balance sheet

Episode Information

Episode UID
1102701465
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
110270 national
Charter Number
11027
Start Date
January 22, 1922
Location
Poplar, Montana (48.113, -105.198)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
d2eed79b9c650841

Response Measures

None

Receivership Details

Depositor recovery rate
2.6%
Date receivership started
1922-01-28
Date receivership terminated
1919-09-24
OCC cause of failure
Economic conditions
Share of assets assessed as good
9.9%
Share of assets assessed as doubtful
64.0%
Share of assets assessed as worthless
26.0%

Description

Comptroller-appointed receiver (V. M. Smith) established; bank remained in receivership with asset sales in 1923.

Events (5)
1. June 30, 1917 Chartered
Source
historical_nic
2. January 22, 1922 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed after board meeting, indicating insolvency or severe financial difficulty rather than a mere rumor.
Newspaper Excerpt
the Stockmans National was closed a week ago last Monday, following a meeting of the board of directors.
Source
newspapers
3. January 28, 1922 Receivership
Source
historical_nic
4. January 28, 1922 Receivership
Newspaper Excerpt
V. M. Smith had been appointed receiver of the institution by D. R. Crissinger, comptroller of the currency. Mr. Smith's appointment was officially announced Monday of this week.
Source
newspapers
5. October 10, 1922 Other
Newspaper Excerpt
If the depositors will cooperate with a plan of reorganization ... the Stockmens National bank of this city, closed since last year, will reopen about the 15th of next month, according to a statement made this week by Charles R. Trinder, former president of the bank.
Source
newspapers

Newspaper Articles (11)
1. February 10, 1922 The Glasgow Courier Glasgow, MT
Article from The Glasgow Courier, February 10, 1922

Click image to open full size in new tab

Article Text

RECEIVER APPOINTED FOR POPLAR STOCKMEN'S. BANK Close on the heels of the news last week that the Stockman National Bank of this city had closed its doors, came the information that V. M. Smith had been appointed receiver of the institution by D. R. Crissinger, comptroller of the currency. Mr. Smith's appointment was officially announced Monday of this week. The books, papers and files of the Stockmans National have been moved to the First National bank building where Mr. Smith and Mr. Howard Alger, special representative of the Federal Reserve Bank, have been at work preparing reports and handling the affairs of the latter institution, which has been defunct since last October. By moving the books and files to the First National building it will be possible for Mr. Smith and Mr. Alger to handle the affairs of both banks from one ofice. The Stockmans National was formerly the First National Bank of Brookton and was moved to this city last October shortly after the First National of this city closed. The Stockmans National was closed a week ago last Monday, following a meeting of the board of directors.-Standard

2. February 10, 1922 The Producers News Plentywood, MT
Article from The Producers News, February 10, 1922

Click image to open full size in new tab

Article Text

SMITH IS RECEIVER FOR STOCKMAN BANK Poplar Standard: Close on the heels of the news last week that the Stockman National Bank of this city had closed its doors, came the information that V. M. Smith had been appointed receiver of the nstitution by D. R. Crissinger, comptrolloi of the currency. Mr. Smith' appointment was officially announced Monday of this week. The books, papers and files if the bockman's National have been moved to the First National Bank building where Mr. Smith and Mr. Howard Alger, special representative of the Federal Reserve Bank, have been at work preparing reports and handling the affairs of the latter institution, which has been defunct since last Cctober. By moving the books and files to First National building it will be possible for Mr. Smith and Mr. Al ger to handle the affairs of both banks from one office. The Stockmans National was formerlly the First National Bank of Brockston and was moved to this city last October shortly after the First National of this city closed. The Stockmans National was closed a week ago last Monday following a meeting of the board of directors. *

3. October 13, 1922 The Producers News Plentywood, MT
Article from The Producers News, October 13, 1922

Click image to open full size in new tab

Article Text

Stockmen's National Bank Will Also Open at Poplar Poplar, October 10.-If the depositors will cooperate with a plan of reorganization that has been submitted to them ( the Stockmens National bank of this city, closed since last year, will reopen about the 15th of next month, according to a statement made this week by Charles R. Trinder, former president of the bank. The plan of reorganization is similar in many respects to the plans adopted by other institution in the state which were forced to suspend because of the unusual conditions which have prevailed in the country during the past year or so. In brief, the depositors are asked to accept certificates of deposit for part of their funds and also to apply a certain part of their monies to a fund to defray the cost of reorganization. This is considered an amicable adjustment to all concerned and has been accepted by people in other cities where banks have been closed and Mr. Trinder believes the depositors of the Stockmen's bank will be glad to cooperate in this way. Letters explaining the plan together with agreements to be signed were sent out this week to the depositors of the Stockmen's bank by the committee on reorganization. When the deopsitors have been heard from and one or two other matters have been arranged the reorganization committee will have a definite announcement to make relative to the reopening of the bank.

4. December 15, 1922 The Producers News Plentywood, MT
Article from The Producers News, December 15, 1922

Click image to open full size in new tab

Article Text

Receiver V. M. Smith Has Completed Work Poplar, Dec. 8.-After working in Poplar for nearly two years as receiver of the First National bank when it WS closed and in the same capacity at the Stockmen's National bank, which is still closed, and also in connection with the John Lundquist estate which was declared bankrupt, V. M. Smith announces that he will complete his duties here next week and leave for Great Falls. In an interview this week Mr. Smith said that the affairs of the First National bank had been closed satisfactorily and that he expected that an announcement in connection with the Stockmen's National Bank would be made by the national banking department within a short time.

5. August 23, 1923 The Wolf Point Herald Wolf Point, MT
Article from The Wolf Point Herald, August 23, 1923

Click image to open full size in new tab

Article Text

In the District Court of the Twentieth Judicial District of the State of Montana, in and for the County of Roosevelt. Mary S. Young, Plaintiff, Vs. Chas. R. Trinder and Josephine Trinder, his wife, the Stockmens National Bank, of Poplar, Montana, a corporation, V. M. Smith, as Receiver of said bank, and J. M. Porter, as General Receiver in Charge of Closed Defendants. Banks, To be sold at Sheriff's Sale on the 8th day of September, A. D. 1923, at 2:00 P. M., at the front door of the Courthouse in the Town of Poplar, County of Roosevelt, State of Montana, to the highest and best bidder for cash in hand, the following described property, to-wit: The Southeast quarter (SE1/4) of Section Three (3), Township Twentyeight (28), North, Range Fiftyone (51) East of Montana Meridian situated in the County of Roosevelt and State of Montana; And in particular all the right, title, claim and interest of the above named defendants in and to the property hereinbefore described, together with all and singular the tenements and hereditaments and appurtenances thereunto belonging or in any way appertaining to the same. Dated this 13th day of August, A. D. 1923, a tPoplar, Montana. J. H. ANDERSON, Sheriff of said County. By Chas. Council Under Sheriff. 26-27-28-29.

6. August 30, 1923 The Wolf Point Herald Wolf Point, MT
Article from The Wolf Point Herald, August 30, 1923

Click image to open full size in new tab

Article Text

tieth Judicial District of the State of Montana, in and for the County of Roosevelt. C. L. Dempster, Plaintiff, Vs. Joseph Proctor, the Stockmen's National Bank of Poplar, Montana, V. M. Smith as Receiver of saíd Bank, and J. M. Porter as Deputy Comptroller of Currency in Charge of Closed Banks, Defendants. To be sold on the 22nd day of September, A. D. 1923, at the front door of the County Court House, at Poplar, Roosevelt County, Montana, at the hour of two o'clock P. M. of said day, the following described real property, to-wit: The Southwest Quarter of the Northeast Quarter, of Section Sixteen (16), in Township Twenty-eight (28), North of Range Fifty-one (51') E. M. M., containing forty acres of land, according to the U. S. Government survey thereof. And in particular, all the right, title, claim and interest of said defendants, Joseph Proctor, in and to said property hereinbefore described, together with all and singular the tenements, hereditaments, and appurtenances thereunto belonging or in any way appertaining to the same. Dated this 22nd day of August, A. D. 1923. J. H. ANDERSON, Sheriff. By Chas. Council, Under Sheriff. Moum & Brown, Attorneys for Plaintiff, 28-29-30-31 Poplar, Montana.

7. September 6, 1923 The Wolf Point Herald Wolf Point, MT
Article from The Wolf Point Herald, September 6, 1923

Click image to open full size in new tab

Article Text

C. L. Dempster, Plaintiff, Vs. Joseph Proctor, the Stockmen's National Bank of Poplar, Montana, V. M. Smith as Receiver of said Bank, and J. M. Porter as Deputy Comptrol'er of Currency in Charge of Closed Banks, Defendants. To be sold on the 22nd day of September, A. D. 1923, at the front door of the County Court House, at

8. September 13, 1923 The Wolf Point Herald Wolf Point, MT
Article from The Wolf Point Herald, September 13, 1923

Click image to open full size in new tab

Article Text

SHERIFF'S SALE In the District Court of the Twentieth Judicial District of the State of Montana, in and for the County of Roosevelt. C. L. Dempster, Plaintiff, Vs. Joseph Proctor, the Stockmen's National Bank of Poplar, Montana, V. M. Smith as Receiver of said Bank, and J. M. Porter as Deputy Comptrol'er of Currency in Charge of Closed Banks, Defendants. To be sold on the 22nd day of September, A. D. 1923, at the front door of the County Court House, at

9. September 20, 1923 The Wolf Point Herald Wolf Point, MT
Article from The Wolf Point Herald, September 20, 1923

Click image to open full size in new tab

Article Text

Joseph Proctor, the Stockmen's National Bank of Poplar, Montana, V. M. Smith as Receiver of said Bank, and J. M. Porter as Deputy Comptrol'er of Currency in Charge of Closed Banks, Defendants. To be sold on the 22nd day of September, A. D. 1923, at the front door of the County Court House, at

10. December 13, 1929 The Wolf Point Herald Wolf Point, MT
Article from The Wolf Point Herald, December 13, 1929

Click image to open full size in new tab

Article Text

ALIAS SUMMONS No. 2129. In the District Court of the Twentieth Judicial District of the State of Montana, in and for the County of Roosevelt. R. E. Nordwick and W. 0. Nordwick, Plaintiffs, vs. The Stockmens National Bank of Poplar, a corporation, and H. A. Streeter as Receiver thereof, John Kongslie, The Presque Isle County Savings Bank, a corporation, and all persons unknown claiming, or who might claim, any right, title, estate or interest in, or lien or incumbrance upon the real property described in this complaint, or any part thereof, adverse to the plaintiffs' ownership, or any cloud upon the plaintiffs' title thereto whether such claim, or possible claim, be present or contingent, including any claim, or possible claim of dower, inchoate or accrued, Defendants. THE STATE OF MONTANA to The Stockmens National Bank of Poplar, a corporation, and H. A. Streeter as Receiver thereof, John

11. February 14, 1930 The Wolf Point Herald Wolf Point, MT
Article from The Wolf Point Herald, February 14, 1930

Click image to open full size in new tab

Article Text

vs. Lydia E. Schmidt, C. L. Dempster, The Stockmens National Bank of Poplar, a corporation, and H. A. Streeter as Receiver thereof, and all persons unknown claiming or who might claim right, title, estate, or interest in, or lien or incumbrance upon the real property described in this complaint, or any part thereof, adverse to the plaintiff's ownership. or any cloud upon the plaintiff's title thereto, whether such claim, or possible claim, be present or contingent, including and claim, or possible claim, of dower, inchoate or accrued, Defendants. THE STATE OF MONTANA TO Lydia E. Schmidt, C. L. Dempster, The Stockmens National Bank of Poplar, a corporation, and H. A. Streeter as Receiver thereof, and all persons unknown claiming, or who might claim any right, title, estate, or interest in, or lien or incumbrance upon the real property described in this complaint, or any part thereof, adverse to the plaintiff's ownership, or any cloud upon the plaintiff's title thereto, whether such claim,